Fundamental analysis for the Forex market here you have to draw attention of Economics, Social and Political affects or force which guide market movement for longer periods. You have to look up why the country's economy is better now or why it suffer and how? This is basic economics that probably you may learn at school.
Economics has a lot of data or parameter that influence over the economy. If a currency is strong today that means that country is better economy now. But how do you determine it? Since these data passed away day by day.
*If a country having a strong economy then more invest will be coming that influence the whole economy. Now a big question why and what types of economic data that must be followed by an investor? These are
*GDP rate (Gross Domestic Products)
*Interest rate
*Labour cost / Manpower cost
*Employment rate
*Monetary Policy of the Central Bank
*Bond
*Taxes rate
*Inflation rate of the currency
*Export & Import ratio
*Earn / Income & Cost/ Expense ratio
And more............................................................................
Therefore you have to gain knowledge a country profile from its Gov. Web site and analysis data to determine if its economy is OK or not or If any chance to turn on good in the near future.
Economics has a lot of data or parameter that influence over the economy. If a currency is strong today that means that country is better economy now. But how do you determine it? Since these data passed away day by day.
*If a country having a strong economy then more invest will be coming that influence the whole economy. Now a big question why and what types of economic data that must be followed by an investor? These are
*GDP rate (Gross Domestic Products)
*Interest rate
*Labour cost / Manpower cost
*Employment rate
*Monetary Policy of the Central Bank
*Bond
*Taxes rate
*Inflation rate of the currency
*Export & Import ratio
*Earn / Income & Cost/ Expense ratio
And more............................................................................
Therefore you have to gain knowledge a country profile from its Gov. Web site and analysis data to determine if its economy is OK or not or If any chance to turn on good in the near future.
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